November 22, 2017

Where To Get The Best Real Estate Deals

According to the Realtor Magazine Daily News, with the rising foreclosures and the drop in housing prices across the country, investors and buyers can find plenty of deals in real estate. In Phoenix alone, housing prices are down nearly 45% from its 2006 peak (we’re ranked #1 and #2 for best deals!) and up to 70% discount in some areas of metro Phoenix. 

Recent data from Trulia.com’s quarterly Home Offer Report pinpoints where the best housing deals can often be found. Trulia’s report takes into account the average number of days on the market before the first price reduction, average discount during the price-cut period, probability of a second price cut, and the total percentage of for-sale properties that have had prices reduces at least once.

Currently, here are the cities offering the biggest home price discounts.

1. Phoenix, Arizona
Average number of days on market before first reduction: 48
Average discount in first reduction: 8 percent
Percentage of for-sale homes with price cuts: 35 percent

2. Mesa, Arizona
Average number of days on market before first reduction: 55
Average discount in first reduction: 8 percent
Percentage of for-sale homes with price cuts: 38 percent

3. Minneapolis, Minnesota
Average number of days on market before first reduction: 45
Average discount in first reduction: 9 percent
Percentage of for-sale homes with price cuts: 28 percent

4. Long Beach, California
Average number of days on market before first reduction: 58
Average discount in first reduction: 7 percent
Percentage of for-sale homes with price cuts: 33 percent

5. Baltimore, Maryland
Average number of days on market before first reduction: 62
Average discount in first reduction: 10 percent
Percentage of for-sale homes with price cuts: 30 percent

See the rest of the cities that made the cut.

The percentages above do not represent what homes are selling for off of the current list price.  With record sales in February through March 2011, homes in Phoenix are selling on average 96% of the current list price or higher and most listings are receiving multiple offers.

Contact us today to find where to get the best real estate deals for you in Phoenix… we help investors find positive cash flow properties, buy and hold real estate in Phoenix, Phoenix fix and flip houses, Phoenix fixer upper homes and biggest discounts in Phoenix Arizona real estate. 

Professional real estate investor Realtor services are provided by Jason Dawson, contact us todat at 480.442.9809 to get the best real estate deals in Phoenix!

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Phoenix Real Estate Statistics

The great news for Phoenix Real Estate Statistics for March, 2011 is it’s sales figure of 9,933 homes sold! 

This is the highest monthly sales total in the previous SIXTY-SIX (yes, 66) months.  This March figure is also the 5th highest sales record since 2001 when ARMLS started tracking these Phoenix real estate trends.  This statisic represents a 38.8% gain over the February total sales and complets the upward pattern for the first quarter of 2011.  Over 40% of these homes were investors and buyers paying cash for real estate.

The month over month gains since January are not unusual for to see each year because of the holidays and year end sales always being a bit sluggish, but March’s claim to the highest sale in five years definitely is.  Clearly investors and buyers are taking advantage of the affordability of the Phoenix real estate market.  Click on the PDF document here to see all the cash sales in Maricopa County.  Cash Sales – April 2011.  42.3% of the April sales in 2011 were purchased with cash!

Click on the PDF document here ,StatPlus-Q1-2011, to see the ARMLS Stat Plus Quarter 1 of 2011 Phoenix real estate market statistics.

For more on local Phoenix real estate stats – or other cities in Phoenix, contact Jason Dawson today online or call 480.442.9809 for what areas you’re interested in learning about:
     –  Rental rates
     –  Average days on market
     –  List price versus sales price
     –  Average sales price of positive cash flow properties
     –  Monthly sold units in certain cities or subdivisions
     –  Or any other Phoenix real estate statistic that you’re interested in!

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